Hanoi: Prime Minister Pham Minh Chinh has ordered stronger control measures to prevent speculation and price manipulation in the real estate market, towards expanding housing supply with more balanced market segments and lower prices, and guaranteeing citizens’ right to access affordable houses. PM Chinh chaired the second meeting of the Central Steering Committee for Housing Policy and Real Estate Market on October 11 in Hanoi.
According to Vietnam News Agency, the Prime Minister emphasized the necessity of implementing stricter regulations to curb speculative activities that contribute to artificial price hikes in the real estate sector. These measures are intended to stabilize the market, making it more accessible for average citizens who struggle to find affordable housing options.
During the meeting, PM Chinh highlighted the importance of increasing the availability of housing across different market segments. By doing so, the government aims to create a more balanced real estate market that caters to a wider range of income groups. This approach is expected to lead to a reduction in housing prices, facilitating easier access to homeownership for a larger portion of the population.
The Prime Minister’s directive comes as part of a broader government strategy to address the challenges faced by the real estate sector, including ensuring the fair distribution of housing resources and protecting the rights of citizens to affordable living conditions. The meeting also discussed the committee’s ongoing efforts to monitor market trends and implement policies that promote a stable and equitable housing environment.